About 217 Lotus St
Home appraised over $440,000! Prime investment and downtown living in one! Located in the heart of Historic Lavaca-San Antonio's oldest residential neighborhood-this fully occupied 4-plex offers rare opportunity and immediate income in the vibrant Southtown Arts District. Each of the four units features 1 bedroom / 1 bath, a full kitchen, and separate living area. All units are individually metered for utilities, and the property includes both front and rear entries, a shared backyard space, and a recently renovated rear staircase and balcony. Positioned near King William, Essex Modern City, and Dignowity Hill, residents can enjoy easy access to Hemisfair Plaza, Tower of the Americas, and downtown San Antonio-just a 10-minute bike ride away. Surrounded by local favorites like Rosario's, Liberty Bar, and Blue Star Arts Complex, this walkable district is rich with culture and historic charm. With four leased units producing rental income, this property delivers instant cash flow in a highly desirable location where surrounding single-family homes regularly exceed $550k. Whether expanding your portfolio or entering the market as a first-time investor, this Lavaca 4-plex combines proven performance, long-term appreciation, and the appeal of classic Southtown architecture-all under $400k.
Features of 217 Lotus St
| MLS® # | 1809267 |
|---|---|
| Price | $399,000 |
| Number Of Units | 4 |
| Square Footage | 2,280 |
| Acres | 0.17 |
| Year Built | 1910 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Back on Market |
Community Information
| Address | 217 Lotus St |
|---|---|
| Subdivision | DURANGO/ROOSEVELT |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78210-1663 |
Multi-Unit Information
| Gross Annual Income | $40,200 |
|---|---|
| Net Operating Income | $25,170 |
| Annual Operating Expense | $15,030 |
| Operating Expense Includes | Maintenance, Management |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport, Pad |
| Handicap Access | NO |
| Rent | $700 |
| Occupied | NO |
| Includes | Not Applicable |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport, Pad |
| Handicap Access | NO |
| Rent | $700 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport, Pad |
| Handicap Access | NO |
| Rent | $825 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport, Pad |
| Handicap Access | NO |
| Rent | $700 |
| Occupied | NO |
| Includes | Not Applicable |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Window Unit |
|---|---|
| Cooling | 3+ Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Stucco, Stone/Rock |
|---|---|
| Roof | Metal |
| Construction | Pre-Owned |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Green |
| Middle | Poe |
| High | Brackenridge |
Additional Information
| Date Listed | September 16th, 2024 |
|---|---|
| Days on Market | 578 |
| Zoning | RM-4 CD |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 6.31 |
| Gross Rent Multiplier | 9.93 |
| Estimated Taxes | $9,993 |
Listing Details
| Agent | Tre Serrano |
|---|---|
| Office | Real Broker, LLC |
| Contact Info | (855) 450-0442 |